Premium gasoline prices increase in Iran
Iran's Oil Minister has confirmed a rise in premium gasoline prices following the launch of a pilot sales project.
Iranian Oil ministry
Iran increases oil production thanks to Russia and China
Iran has been actively seeking partners to boost its oil and gas industry amid Western sanctions. China and Russia have emerged as its main allies, with China taking in most of Iran’s oil exports, despite the sanctions, OilPrice reported.
Iranian oil production hits 7-year high
Despite sanctions, Iran managed to achieve a new oil production record, the highest in the past 7 years due to maintenance work and the commissioning of the Azadegan field. Iran continues to break hydrocarbon production …
Iran increases production of hydrocarbons
Iran’s outgoing administration has managed to increase crude production to 3.6 million barrels per day, Iran’s Oil Minister Javad Owji …
Iran's oil minister voices hope for expansion of Moscow-Tehran energy cooperation
Iranian Oil Minister Javad Owji expressed hope that cooperation with Russia in the energy sector will expand. Speaking at a meeting of the intergovernmental commission on trade and economic cooperation between Russia and Iran in Tehran, …
New oil and gas fields discovered in Iran
Iranian Oil Minister Javad Owji announced that Iran has uncovered four new oil and gas fields in the past two years. Owji revealed that …
Iran and Saudi Arabia discuss oil market situation
In the capital of Austria, a meeting was held between the head of the Iranian Oil Ministry and the head of the Saudi Arabian Ministry of Energy. The central topic of the talks was the situation on the oil market.
Russia, Iran consider cooperation in petrochemistry
Iranian Deputy Oil Minister Morteza Shahmirzae addressed the Russian authorities with a proposal to jointly develop cooperation in the petrochemical sector at the Rosplast-2023 exhibition in Moscow
Russia to invest $44bn in Iranian gas
Russia will invest $44 billion in Iran for the construction of a natural gas pipeline and the development of mines, Iranian Oil Minister Javad Owji said. "We have signed a $4bn memorandum of understanding with Russia …
Coronavirus has no effect on Iran's oil production
The outbreak of novel coronavirus has not affected Iran's oil production, Iran’s oil minister Bijan Namdar Zanganeh said on the sidelines of the OPEC meeting. "It has had no effect on Iran's oil …
Zanganeh: oil market back to normal after Saudi attack
Iran's Oil Minister Bijan Zanganeh said that the global oil market was in a normal condition following an attack on Saudi oil infrastructure earlier this month. There is currently a little surplus on the supply side …
Fire at Iran oil ministry building put out
The main building of the Iranian Oil Ministry on Taleghani Street has been secured after the fire on the 15th floor was put out this morning, Mehr news agency reports. Latest reports indicate that the main building of the Iranian Oil …
What to expect after July OPEC+ summit?
OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …
Zanganeh: OPEC doomed to dissolution
Iran backed cooperation with non-OPEC oil exporter states, but believes that an organisation, where Russia and Saudi Arabai strive to challenge the interests of other members, is doomed to dissolution, Iran’s Oil Minister Bijan …
Oil discovered in Iran's Abadan region
Iran has discovered oil in the southwestern Abadan region for the first time, the republic's Oil Minister Bijan Namdar Zanganeh said. According to him, the oil was found at a depth of 3,570 meters in an exploratory …
Tehran calls on OPEC to scrap monitoring committees
Iran's oil minister Bijan Zanganeh wrote to OPEC's secretary general Mohammed Barkindo calling for two committees tasked with monitoring a deal between OPEC and other countries …
Iran expects steep increase in gas output
Iran will see a steep rise in its natural gas output and exports, its deputy oil minister Amir Hossein Zamaninia said on the sidelines of 22nd World Petroleum Congress in Istanbul. Iran's deputy oil minister for …
Iran to increase oil output by 20%
Iran plans to add around a quarter to its production capacity in the next five years, Iran's Oil Minister Bijan Namdar Zanganeh said. The development of new fields as well as improved oil recovery from mature …
Iran to hold tender for oil, natural gas fields in mid-February
Iran will launch new contracts to develop oil and natural gas fields in mid-February in the country's first such tender since the lifting of international sanctions a year ago, an oil official said on Saturday, Reuters reported. …
New oil and gas fields found in Iran - media
New large-scale oil and gas fields are found in Iran, the deputy head of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri said. According to him, the Iranian oil minister will provide full information on …